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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
 Posted - 06/19/2008 : 08:15:42
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Just getting started here. Will be calling on several banks to inquire about dumping. Am told my bank will accept unwrapped coins.
How do you bring your unwrapped coins in? Do you buy special bags? Use grocery sacks? Do the banks give you their canvas bags?
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Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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MaDeuce
Penny Pincher Member
USA
124 Posts |
Posted - 06/19/2008 : 08:45:50
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The best thing I found is the "Fed approved" tamper-evident plastic coin bags. These are available at most bank supply stores. You can deposit these directly with your bank, and they never have to open them. They are very tough, won't break open, and have built-in handles. They are kind of pricey ($0.75-$1.00 each), but they are perfect. If you decide to get any, be damn sure that they are "Fed approved". Otherwise, you bank may not accept them and, even if they do, they'll have to open them and repackage, which will cost you service fees.
I can't locate the place that I used to get mine from, but I did a quick search and found budcobank.com. The ones I'm talking about are part no. 27-5003C. But there are many places you can get them from.
Have fun!
MaDeuce |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 06/19/2008 : 08:47:06
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It depends on the bank. The standard bank bags are plastic these days. They hold $50 in pennies and cost like 60 cent each. Your bank will send the pennies off to their coin handler in these bags.
So depending on the bank they may ask you to bring the pennies in precounted in these bags or they may be planning on counting and bagging them up themselves so they don't care so much what you bring them in. Also, if the former, some banks have been known to give out these bags... |
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cyberdan
Penny Collector Member
USA
289 Posts |
Posted - 06/19/2008 : 10:23:59
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quote:
Originally posted by MaDeuce
The best thing I found is the "Fed approved" tamper-evident plastic coin bags. These are available at most bank supply stores.
That is all I use, but I have never bought one yet. I spread out my deposits amoung 5-6 diff banks/branches. After most deposits the tellers ask if there is anything else they could do for me. Then I always ask for a few more bags. I always get 2-3 even when I brought in one bag. |
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nckt
Penny Collector Member
USA
304 Posts |
Posted - 06/19/2008 : 12:50:21
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| I have a few special canvas coin bags, they are sorta expensive, but they are strong and work well |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/19/2008 : 13:36:53
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I use the same as Dan. The plastic coin bags. They are provided free by my bank, but other banks might require you to buy your own. If you had to buy them you can get them for 57 cents each. I just hook them up to the machines, se thte batch stop to 5000, fill them, and seal them. If you are just going to transport loose coins to the bank for them to count them there the canvas coin bags are best. They can be bought new for $1.10 each or sometimes you can find used ones for less or even free. Make sure you have a good method for closure of the bags so you don't have any unwanted spillage like some members have.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Nickelless
Administrator
USA
5580 Posts |
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ScottyTX
Penny Hoarding Member
USA
508 Posts |
Posted - 06/19/2008 : 20:28:04
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| I save my used 1 gal plastic jugs (mostly water, occasionaly milk but thats more work) fill them to the top and have a easy carrying handle to take in the door. I have found there is roughly 60.00 in a gallon of pennies, kinda my way of keeping up with them. I hand sort so this works pretty well for me. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 06/19/2008 : 21:03:44
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I figure $50 a gallon.... Of course, I don't count the returns. Place the zincs in one or more of my special boxes, and dolly them into the bank. Include a cup for the tellers. Works well for me.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 06/20/2008 : 14:41:29
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| I buy my own bags. The bank has given them to me in the past, but the ability for me to be able to drop off as many bags as I want at a time, and that they trust me to bring in the right amount far outweighs the cost of rerolling zincs, going to coinstar, or any other method. I even gave the bank about 50 bags just for letting me order coin and dump coin. |
"99% of all lawyers give the rest of them a bad name" 
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 06/20/2008 : 16:07:25
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So far I have only dumped in a coin counter at a local credit union.
I either bring mine in a blue plastic pail or coffee cans with lids. The lids have saved me a few times in transpot and even today when a coffee can was leaning against the door and when I opened it, the can almost fell out. It would have been a mess in the bank parking lot.
I may look for another source financial institution that accepts loose coin in the sealed bags now that I have the high speed counter. |
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lilyrdape
Penny Pincher Member
USA
152 Posts |
Posted - 06/20/2008 : 16:30:02
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| i like using kitty litter buckets for dumps....its better using two of them tho so your walking with level weight on both sides :p |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/20/2008 : 16:37:11
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| Just don't fill them all the way to the top.. even the small kitty litter buckets hold about 18,000 coins, so they can get kind of heavy. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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n/a
deleted
11 Posts |
Posted - 06/28/2008 : 10:22:59
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We supply our local banks with wrapped coin on a weekly basis. We also sell our surplus zincs to the Fed in standard 'fed-ready' bags. Here are pictures of part of this weeks dump:
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 06/28/2008 : 12:11:37
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Quite a load there, lumofny. Nice.
Deal
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Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 06/28/2008 : 12:48:28
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| I do not have a coin cointer and neither do any of the banks near me. One of the branches that is near me said that they would take bags of coins. Could I just weigh $50 worth of zinc to dump them? If so how accurate does it need to be? |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 06/29/2008 : 07:31:50
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quote:
Originally posted by lumofny
We supply our local banks with wrapped coin on a weekly basis. We also sell our surplus zincs to the Fed in standard 'fed-ready' bags. Here are pictures of part of this weeks dump:
nice pics.
looks like you dump in bags of $50 rather than $25. Is that a manageable weight for tellers ~ 35 lbs.? Or do you recommend $25 bags? |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 06/29/2008 : 22:34:04
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Knibloe.. how accurate is your scale? Depends on your bank's policy. Some will take them loose in bags and send them in for count verification, some will just verify by weight, and some will want exact count bags.
Lemon Thrower.. $50 bags are kind of standard. The weight is actually much less for a bag of all zinc pennies.. around 27 pounds or so. I can toss a bag on the scale and give an exact weight if anybody needs it. I have a buddy that actually turns his zincs in in $75 bags. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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simplicitycounts
Penny Hoarding Member
USA
535 Posts |
Posted - 06/29/2008 : 23:47:37
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Awesome picks lumofny. Never seen such a large dump for only a single week, must have quite the operation.
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Numis Pam
Penny Sorter Member
USA
63 Posts |
Posted - 07/03/2010 : 03:04:32
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quote:
Originally posted by ScottyTX
I save my used 1 gal plastic jugs (mostly water, occasionaly milk but thats more work) fill them to the top and have a easy carrying handle to take in the door. I have found there is roughly 60.00 in a gallon of pennies, kinda my way of keeping up with them. I hand sort so this works pretty well for me.
 Thanks for this one! I have been trying to figure out how I am going to start taking back all my zincs in a way that wont kill me physically! This sounds ABOUT perfect to me. Perfect would be if I could just find someone else to carry them in for me!!  |
http://www.extrabux.com/r/4c6f54ba32 1% -27% cash back on purchases. Plus Refer Friends and Get $5 to Spend at Ebay or any of hundreds of participating online stores. |
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EnDThEFeD
Penny Sorter Member
33 Posts |
Posted - 07/03/2010 : 08:58:47
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| I use TD Banks as my dump banks. They have a free coin counter in all their lobbies. I use large cookie or pretzel plastic containers that I get from BJ's/Costco. I get about $100 per container which works pretty well for me considering I hand sort. |
I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.
-- Thomas Jefferson |
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Roadrunner
Penny Collector Member
USA
413 Posts |
Posted - 07/03/2010 : 16:53:47
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| I use a heavy duty plastic jug, it works for me. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/04/2010 : 08:56:48
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Bank of America provides the bags free for me, one branch will give me a case at a time. I have one pickup branch, but spread out the returns to four other branches. Here's the odd part... you would think branch policy would be the same everywhere, but it's not. I started out by weight limit, putting in 8800 - 8900 zincs per bag. Then they said "that's too heavy." They asked me to just put in 5000 per bag. Once I started doing that, a few months later they asked for only 2500 per bag "so the girls could handle them." I start doing that and my main return branch asks me to go back to 5000 "if they aren't full they charge us extra." So policy is different everywhere, you just need to find out how to accomodate them.  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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misteroman
Administrator
USA
2565 Posts |
Posted - 07/05/2010 : 13:49:44
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I use 5gal buckets.
And on a side note what ever happened to LUMny? |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 07/06/2010 : 06:59:17
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| Yeah, I noticed the dates for this post date back to 2008. But that member, Lumny, had a pretty amazing set-up. That looks to be in the order of around $8-10,000 dollars in pennies in the pictures. Not too shabby if that was a weekly return. Also they mentioned, "we" so perhaps that member really consisted of a couple people. Still that much volume is approaching full-time dedication. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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fasteddy
Penny Collector Member
USA
298 Posts |
Posted - 07/06/2010 : 12:10:27
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Numis Pam, Get a 5 gal bucket and one of those small folding dollies from the Joey Logano store or similar and transport to the coin counter that way. I use 2 - 4 buckets...each with the zincs from a 100 $ sort...$79 to $82 of zincs per bucket is my range.
Lumofny had a serious situation going on there....wonder if they had a "rollcracker 1000"...How big was their truck? With that many $$$ loose lips could sink battleships |
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What do you use to "dump"
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